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Smaller power firms rival Big Six with significant cuts in gas price war

Smaller energy firms have squared up to the Big Six amid an ongoing gas price war - with Ovo announcing a hefty 10.4 per cent price cut.

It comes after EDF came under fire for announcing a cut in tariffs of just 1.3 per cent - significantly below the wholesale price drop of 19 per cent.

It comes after British Gas announced a five per cent cut in prices, E.ON reduced tariffs by 3.5 per cent, Scottish Power announced a 4.8 per cent drop in prices, npower revealed a 5.1 per cent cut and SSE announced a 4.1 reduction.

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Davey: Customers should cash in on gas price war

Energy Secretary Ed Davey has urged homeowners to cash in on the gas price war and switch suppliers to get the best possible price.

As npower becomes the latest Bix Six energy firm to slash bills, with a cut of 5.1 per cent, the Lib Dem MP also urged SSE and EDF to follow suit and cut tariffs.

It comes amid plummeting wholesale costs, with Ofgem revealing prices have fallen by 19 per cent year-on-year.

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